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Articles by pawan tewari

Minimum Alternate Tax-In Most Simple manner

Posted by pawan tewari 05 March 2016 10802 Views

The concept of MAT was introduced under income tax act to tax companies having profit as per books and declaring dividends but have no significant taxable income because of exemptions, deductions, incentives and tax holidays available to them. The in

Handy MAT Provision

Posted by pawan tewari 30 June 2014 21455 Views

Objective behind the introduction of MAT: Normally, a company is liable to pay tax on the income computed in accordance with the provisions of the income tax Act , but the profit and loss account of the company is prepared as per provisions of the Co

TDS U/S 194C: Introduction

Posted by pawan tewari 07 May 2014 29397 Views

Simplified version of section 194c: TDS on contract.Let me introduce two dummy persons Mr Ram (expert) Mrs Ram (little idea of provisions of sec 194c.)Mrs Ram: who are required to deduct TDS u/s 194?Mr Ram: Any person who is responsible to pay a resi